Star Atlas, the famous Solana-based gambling game, has released the latest edition of its comprehensive report known as the State of the Economy. The report was released yesterday, September 30, 2022, as the second in a long series to come. As always, the new edition contains a detailed explanation of events occurring in the Star Atlas economy.
The report aims to keep members of the Star Atlas community up to date on issues related to the platform’s economy. This way, members can stay informed and share their views on various activities and trends in the Star Atlas metaverse. In addition, this report contains highlights as well as a detailed account of important events.
Notably, the first State of the Economy report was released in June 2022. This report unveiled a number of firsts, including the first introduction of the workforce in Star Atlas. In the same vein, this report shows the transition of events from the first report and the path forward.
State of the Economy: 2nd Quarterly Report
September 2022 – Star Atlas has unveiled the second edition of its quarterly report, State of the Economy. The report provides members with a comprehensive economic view of the popular P2E gaming ecosystem. It highlights how the massive price drop continues to affect Star Atlas as well as other projects.
The bear market has had a major impact on the game metaverse. Star Atlas’ native tokens, ATLAS and POLIS, have also seen changes. ATLAS, for example, has seen an increase in total issuance. In addition, Star Atlas ships have surpassed POLIS and ATLAS in terms of price.
There is no doubt that events since the first report have affected projects and prices. For example, ATMTA, Inc, developer of Star Atlas, announced that it would be adjusting prices for primary market vessels. This announcement was immediately followed by massive vessel sales within six days. Interestingly, this could mean more vessel purchases in the future.
“Despite challenging market conditions, including substantial headwinds in the global macroeconomy, we are pleased to report a modest decoupling within the Star Atlas virtual economy,” said Star Atlas co-founder and ATMTA, Inc. CEO Michael Wagner, who added that “SCORE continues to maintain stability in the vessel markets, while labor growth has expanded across all vessel classes, a welcome change from the previous report.”
In addition to the information provided above, the report also reveals data in other categories. Over the past three months, the overall daily wage for ATLAS has increased by 4.4 percent. Similarly, the overall market value of Star Atlas vessels increased by 5.9 percent.
In contrast, vessel prices and average wages per vessel declined by 8.5 percent and 9.5 percent, respectively. In addition, the overall employment rate per vessel decreased by -0.44 percent. In contrast, the labor force grew by an impressive 14.3 percent.
In summary, July saw the most recognized growth in overall wages. This is the result of increased acquisition of higher class vessels by members. It is responsible for the increase in the average ATLAS salary, which rose 5.8 percent.
Star Atlas Census Updates
Since citizens are essential to the sustainability of the metaverse, Star Atlas has taken the time to gather the right data. In the past three months, 12,591 new members have been registered, while 1,635 have become residents. However, a total of 4,802 members have left the Star Atlas metaverse.
While the platform metaverse is home to androids and aliens, citizens also play a huge role in the ecosystem. For example, they influence about 22.2% of total wealth flows. They also represent the largest percentage of POLIS token users, which means they hold a larger portion of the metaverse’s political authority.
Based on the previous report, the labor market appears to be headed toward a reasonable level. However, unlike the first quarterly report, there are more specific details on what the market looks like. Above all, there was significant growth in the labor force, which is to be commended.
Congratulating the Star Atlas team, Michael Wagner, CEO of ATMTA, Inc. said:
“Kudos to the Econ team for continuing to adapt their reporting – including adjusting the definition of what is considered a citizen with the addition of POLIS lock-in – to stay relevant as the Star Atlas ecosystem evolves.”
Growth of 14.7 percent was recorded for XXS ships, being the largest growth in the pool in the reporting period. This was followed by the capital ship worker pool, which grew by 12.8 percent. In addition, average net wages per vessel increased for both large and capital vessels, with the latter showing 15.3 percent growth.
During the reporting period, the tax rate for small XXS vessels remained at 23.7 percent, making it the highest effective tax rate. Command vessels lagged behind with a tax rate of 13.8 percent. Similarly, the lowest tax rate was held by Capital vessels at 12.9%.
Revenue generation
Notably, the Ship Commission for Remote Shipping (SCORE) is the “top source of ATLAS emissions” in the metaverse. Between June and August, citizens and residents reported approximately 505.54 million ATLAS tokens in gross employment income. This represents a daily addition of 5.495 million ATLAS tokens.
Through the sale of resources, a total of 89.05 million ATLAS tokens are returned to the DAO. Similarly, the report revealed that a total sum of 293.6 million ATLAS was absorbed as a result of the sale of primary origin vessels. While more than 75% of the ATLAS issued by SCORE did not exit the ecosystem, a total of 122.89 million ATLAS were issued during the reporting period.
The platform is expected to generate more revenue, especially with the recent influx of new members. Also, with the release of a demo version of Epic Games, more fans are expected to join the ecosystem. In turn, that means more revenue.
